The Effect of Debt to Equity Ratio on Net Profit Margins in Beverage Companies Listed on the Indonesia Stock Exchange

Tendri Miranti(1*), Romansyah Sahabuddin(2), Agung Widhi Kurniawan(3),

(1) Universitas Negeri Makassar
(2) Universitas Negeri Makassar
(3) Universitas Negeri Makassar
(*) Corresponding Author



Abstract


This study aims to determine the effect of Debt To Equity Ratio on Net Profit Margins in Beverage Companies Listed on the Indonesia Stock Exchange. The population in this study were beverage companies listed on the Indonesia Stock Exchange (IDX) in the 2016-2018 period, totaling 12 companies. The sample in this study consisted of companies Akasha Wira International Tbk, Sariguna Primatirta Tbk, Delta Djakarta Tbk, Indofood CBP Sukses Makmur Tbk, Indofood Sukses Makmur Tbk, Multi Bintang Indonesia Tbk, Mayora Indah Tbk, Ultra Jaya Milk Industry and Trading Company Tbk. The data in this study is secondary data with data collection techniques using the documentation method of the company's annual report. The data analysis technique uses simple linear analysis. The results of this study indicate that the Debt To Equity Ratio has a significant effect on Net Profit Margin, it can be seen from the significance value of 0.002 which is smaller than the determination value of 0.05 meaning that H1 is accepted.

Keywords


Debt To Equity Ratio; Net Profit Margin

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References


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